HSBC Premier or Advance Account

 

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Min. Deposit
$3,000

Interest Rate
up to 2.62%

Review on HSBC Premier or Advance Account

Pros
High 1.50% bonus interest rate applicable on any incremental deposit

Cons
Incremental deposit bonus interest rates only applicable for 3 months
0.97% p.a. bonus interest subject to min. credit card spend of $500 for 3 months
Low 0.01% to 0.10% p.a. base interest rate on prevailing balance

 

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Details

Minimum balance fee of $7.50 if average daily balance falls below $3,000

To qualify for HSBC Premier customer, a minimum of S$200,000 or US$150,000 in Total Relationship Balance is required

HSBC Advance customer will have their monthly service charge of $10 waived with a minimum of S$30,000 in Total Relationship Balance

Sign up for HSBC Advance Credit Card to enjoy up to 3.5% Cash Back on everything

 

Interest Computation

Interest
Base Interest 0.10% p.a.
Credit Cards Spend 0.97% p.a.
Incremental Balance 1.55% p.a.
Total (Max. $100k) 2.62% p.a.

Register from now till 30 Sep 2017 at any HSBC branch and get up to 2.62% p.a. interest on your SGD account

HSBC customers will receive Bonus Interest Rate of 0.97% p.a subject to a maximum of $50,000 when they make a minimum monthly charge of $500 on their HSBC Credit Cards for 3 months

HSBC Premier customers / HSBC Advance customers will receive Bonus Interest Rate of 1.55% p.a / 1.50% p.a. for any increment Average Daily Balance balance as compared to the previous month for the 3 months on the first $100,000 in Top-up Amount

Maximum Additional Bonus Interest payable on rate of 0.97% + (1.55% p.a or 1.50% p.a.) is only applicable on Top-up Amount(s) across all 3 Relevant Months

The bonus interest is in additional to prevailing board rate for deposits that ranges from 0.01% to 0.10% p.a. depending on type of account and amount of deposits

 

Click here to go to HSBC website for more details

 

 

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